The Specification of Price in Studies of Consumer Demand under Block Price Scheduling: Additional Empirical Evidence
Paul E. Polzin
Land Economics, 1984, vol. 60, issue 3, 306-309
Abstract:
Block-rate structures are used extensively in public-utility pricing, including residential electricity. Estimating price elasticities in this context is complicated by the resulting nonlinearity of the consumer's budget constraint. This article ...
Date: 1984
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